Sen. Richard Blumenthal, the ranking Democrat and incoming chair of the Senate Permanent Subcommittee on Investigations, has sent follow-up letters to four crypto-related companies asking for records, Cointelegraph reported on November 9. The recipients are Binance, Tether, World Liberty Financial (WLFI) and Fight Fight Fight LLC, the company that launched the TRUMP memecoin.
According to Cointelegraph, the companies were asked to begin turning over records by November 30, with a deadline of January 4, 2027 to hand them over voluntarily, a day after Democrats take control of the Senate.
From Binance, Blumenthal sought records on transactions linked to Iranian entities and Russia’s shadow fleet, following a February inquiry. He said Binance had not yet provided any requested records, while Binance called the underlying reports false in March, Cointelegraph reported. From Tether, he renewed requests about sanctioned entities’ use of USDT and its dealings with Nxum, a consulting firm co-founded by former White House crypto adviser Bo Hines.
The letters to World Liberty Financial and Fight Fight Fight LLC relate to a May 2025 inquiry into Trump’s crypto ventures, covering ownership, foreign investments and safeguards against conflicts of interest. Cointelegraph said the exact contents of the latest letters to those two firms were not specified.
If the deadline is missed, the subcommittee would consider “alternative measures to obtain compliance,” and its rules let the chair issue subpoenas, Cointelegraph reported. None of the four companies had responded to the outlet before publication.
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